Technical forecast for Eurostoxx

Euro Stoxx Sep13 held support at 2805/02 & Friday’s high of 2837. The daily chart is turning more negative but a break higher offers a selling opportunity at this year’s high at 2845/49. Use stops on shorts above 2860 for a move towards 2883/93.

A drift lower today targets support at 2806/02 but a break lower could reach 2793/92. Watch for a bounce from here but if we continue lower we should see a test of last week’s low at 2779/75.